Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Steel United, battery-grade lithium carbonate (MMLC) spot prices fell to 158,200 yuan/ton today (July 9), declining 4,100 yuan/ton from the previous day's close.

Samsung Electronics reported Q2 operating profit of 89.4 trillion won as Meritz Securities analyst Kim Seon-woo stated the semiconductor cycle structure has fundamentally shifted from B2C to B2B demand, with the supercycle potentially lasting 2-3 more years until big tech companies voluntarily

Over the past 24 hours, amid escalating U.S.-Iran military exchanges in the Strait of Hormuz, no U.S. military escort operations were conducted. In the past two days, arrivals of non-Iran-related ultra-large crude tankers have dropped to zero, reflecting continued disruptions to maritime traffic

According to Guru Club, the Container Shipping Index (Europe line) main contract fell 8% intraday on July 9, now trading at 2,342.0 points.

US stocks closed mixed on Wednesday as the S&P 500 fell 0.3% and the Dow Jones Industrial Average dropped 1%, recording its worst day since June 10, while the Nasdaq 100 rose 0.3%. Oil prices surged after President Trump threatened further military action against Iran, stating 'we're going to hit th

Iran's chief nuclear negotiator Abbas Araghchi stated that the Hormuz Strait will only open following arrangements made by Iran, not due to U.S. threats. The remarks underscore Tehran's assertion of control over the strategic waterway amid ongoing

According to China's National Bureau of Statistics, the country's June consumer prices fell 0.3% month-over-month. Gold ornament prices dropped 8.7% and gasoline prices declined 4.9%, both driven by international market fluctuations. These two factors combined to reduce consumer inflation by

According to China's National Bureau of Statistics, in June, consumer price index (CPI) rose 1.0% year-on-year amid seasonal factors and international market fluctuations, with core CPI excluding food and energy prices also up 1.0%. Producer price index (PPI) increased 4.1% year-on-year in the

According to Gate data, WTI crude oil fell 1.39% intraday to $74.23 per barrel. Brent crude declined 0.54% to $78.65 per barrel.

Bitcoin (BTC) retraced its early-week gains, currently around $62,420 on July 9. EU officials plan to revise the Markets in Crypto-Assets Regulation (MiCA) to include non-EU stablecoin issuers. Russia proposes criminal penalties for illegal crypto exchanges, with a maximum sentence of five years imprisonment. Macro Events & Crypto Hotspots According to CoinTelegraph, EU officials are planning to amend the MiCA framework amid the US implementing stablecoin legislation. European news outlets repor

According to Guru Club, on July 9, SC crude oil futures surged 6.01% to 483 yuan per barrel. Low-sulfur fuel oil (LU) rose 6.37% to 4,156 yuan per ton, while fuel oil gained 5.24% to 3,191 yuan per ton.

According to Guru Club, China's Containerized Freight Index Europe route futures main contract fell 7% intraday on July 9, reporting at 2,355 points.

According to Guru Club, the Shanghai Container Freight Index (Europe route) main contract fell 6% intraday on July 9, now trading at 2391.5 points.

Bitcoin (BTC) fell back to around $62,000 on July 9. Earlier, the U.S. Federal Reserve (Fed) released the minutes of the June 16-17 FOMC meeting. The 12 voting members voted 12-0 to keep the target range for the federal funds rate unchanged at 3.50%-3.75%, and formally removed “a dovish bias” from the statement, which immediately triggered a sell-off in U.S. stock equities. Key takeaways from the Fed’s June FOMC meeting minutes: Interest rate 3.50%-3.75%, removal of dovish bias (Source: Fed webs